Arch Capital Group (NASDAQ:ACGL) Price Target Raised to $117.00

Arch Capital Group (NASDAQ:ACGLGet Free Report) had its price target boosted by analysts at Wells Fargo & Company from $114.00 to $117.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the insurance provider’s stock. Wells Fargo & Company‘s price target indicates a potential upside of 16.25% from the stock’s previous close.

Several other analysts have also commented on ACGL. Morgan Stanley boosted their price target on Arch Capital Group from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 6th. Keefe, Bruyette & Woods cut their price objective on Arch Capital Group from $102.00 to $99.00 and set a “market perform” rating for the company in a report on Wednesday, July 8th. Cantor Fitzgerald restated a “neutral” rating and issued a $102.00 target price (up from $100.00) on shares of Arch Capital Group in a research note on Thursday, July 9th. Citigroup reaffirmed a “market outperform” rating on shares of Arch Capital Group in a report on Wednesday. Finally, JPMorgan Chase & Co. increased their target price on shares of Arch Capital Group from $110.00 to $116.00 and gave the stock a “neutral” rating in a research report on Monday, July 20th. Eight investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $110.04.

View Our Latest Research Report on Arch Capital Group

Arch Capital Group Stock Performance

NASDAQ:ACGL opened at $100.64 on Thursday. The firm has a market capitalization of $35.16 billion, a PE ratio of 7.91, a price-to-earnings-growth ratio of 5.30 and a beta of 0.31. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.15. Arch Capital Group has a 12-month low of $82.44 and a 12-month high of $107.08. The firm has a 50-day moving average price of $96.32 and a 200 day moving average price of $96.03.

Arch Capital Group (NASDAQ:ACGLGet Free Report) last released its quarterly earnings data on Tuesday, July 28th. The insurance provider reported $2.56 earnings per share for the quarter, beating analysts’ consensus estimates of $2.47 by $0.09. Arch Capital Group had a return on equity of 17.06% and a net margin of 24.40%.The company had revenue of $8.72 billion for the quarter, compared to the consensus estimate of $4.36 billion. During the same period in the previous year, the business earned $2.58 earnings per share. Research analysts anticipate that Arch Capital Group will post 9.34 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Arch Capital Group news, Director Brian S. Posner sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $19.66, for a total value of $58,980.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. increased its position in Arch Capital Group by 157.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 673 shares of the insurance provider’s stock valued at $65,000 after acquiring an additional 412 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Arch Capital Group during the second quarter valued at approximately $253,000. CW Advisors LLC grew its stake in shares of Arch Capital Group by 6.5% during the second quarter. CW Advisors LLC now owns 3,098 shares of the insurance provider’s stock valued at $282,000 after purchasing an additional 189 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of Arch Capital Group in the second quarter valued at approximately $667,000. Finally, Cerity Partners LLC increased its holdings in shares of Arch Capital Group by 11.6% in the second quarter. Cerity Partners LLC now owns 47,486 shares of the insurance provider’s stock valued at $4,324,000 after purchasing an additional 4,933 shares in the last quarter. 89.07% of the stock is owned by institutional investors.

Arch Capital Group Company Profile

(Get Free Report)

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda-based insurance and reinsurance holding company that underwrites a broad range of property and casualty, mortgage, and specialty risk products. The company operates through a group of underwriting subsidiaries and platforms to provide insurance, reinsurance and related risk solutions tailored to commercial, institutional and individual clients.

Arch’s product mix includes treaty and facultative reinsurance, primary casualty and property insurance, mortgage insurance and other specialty lines.

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Analyst Recommendations for Arch Capital Group (NASDAQ:ACGL)

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